SK Inc. eyes significant growth in bio business from 2024

SAN FRANCISCO – SK Inc.,  the investment and holding company of South Korea’s SK Group, expects significant growth in its biopharma...

Bank of Korea gives bearish outlook after rate hike

South Korea’s central bank on Friday raised interest rates by a quarter point to 3.5%, while signaling a further cut in its economic growth fo...

S.Korea to extend trading hours of local forex market

South Korea will extend the trading hours for the local foreign exchange market to attract overseas investors and improve the trading system so that...

S.Korea’s battery material exports double to $10 bn

South Korea’s battery material exports more than doubled to exceed overseas sales of electric vehicle cells last year, helping the country&rsq...

Korea's Webcash to expand B2B fintech solutions in Cambodia

Webcash Co. a leading business-to-business (B2B) fintech solutions provider in South Korea, said on Thursday its Cambodian affiliate KOSIGN and Phno...

Major startup event Slush to hold spin-off meeting in Korea

Slush, one of the world’s largest startup events, is set to hold a spin-off meeting in South Korea this year.Slush is a startup and tech event...

Orchestra PE acquires KFC Korea for about $50 mn

Asia-focused Orchestra Private Equity agreed on Wednesday to buy a 100% stake in the South Korean operations of fast food chain KFC for around 60 bi...

SK Hynix gets Intel certification for DDR5 server DRAM

South Korea's major memory chip producer SK Hynix Inc. said on Thursday that it has received certification that its 10-nm class fourth-generation (1...

Kia EV6 named SUV of the year in North America

The Kia EV6 is this year's North American Utility Vehicle of the Year of the North American Car, Truck and Utility Vehicle of the Year Awards (NACTO...

PIF, GIC to invest $964 mn in Korea's Kakao Entertainment

Saudi Arabia’s Public Investment Fund (PIF) and Singapore’s sovereign wealth fund GIC have agreed to invest a combined $964 million in K...

KCCI launches Carbon Reduction Certification Center

The Korea Chamber of Commerce and Industry(KCCI) said Thursday that it has established the Carbon Reduction Certification Center, a professional org...

Samsung, SK Hynix to benefit from Intel’s Sapphire Rapids CPU

The much-awaited launch of Intel Corp.’s latest processors dubbed Sapphire Rapids is a boon for leading memory chipmakers such as Samsung Elec...

Lotte to invest more in US bio biz, spend $3 bn in Korea

SAN FRANCISCO -- South Korea’s Lotte Biologics Co. is considering investing more in the US bio industry and spending $3 billion in new factori...

SK Telecom, Nokia demonstrate Korea's first open RAN base station

SK Telecom Co. said on Tuesday that it verified jointly with Nokia the stable 5G speed and coverage performance in a field test by installing a clou...

POSCO opens first overseas venture incubating office in Silicon Valley

POSCO Group said on Wednesday that it has opened the first overseas office of ChangeUp Ground in Silicon Valley in the US.ChangeUp Ground is a start...

SK Ecoplant looks to enter US battery recycling business: CEO

SK Ecoplant Co., a South Korean construction engineering company, will enter the US battery recycling business by investing in promising startups, C...

Hyundai L&C wins GR certification for recycled PET packaging sheets

Hyundai Living & Culture, Hyundai Department Store Co. Group's building materials unit, said on Wednesday that it has received Good Recycled Pro...

SK Hynix issues $1 bn sustainability-linked bonds

South Korea’s SK Hynix Inc. has raised $1 billion in sustainability-linked bonds (SLBs) to become the world's first memory chipmaker to issue ...

S.Korea resumes egg imports in 13 months due to soaring prices

As egg prices soared due to the spread of bird flu or avian influenza, the South Korean government resumed imports of eggs to ease price pressure.It...

SK E&S, Plug Power agree to strengthen hydrogen partnership

SK E&S CEO Choo Hyung-wook met with Plug Power CEO Andy Marsh at CES 2023 in Las Vegas on Jan. 5 to discuss ways to strengthen cooperation in th...

S.Korea posts 2nd current account deficit in 3 months due to flat exports

South Korea in November last year suffered its second current account deficit in three months due to plummeting exports of key items like semiconduc...

SK bio families to present visions to global investors at SK Bio Night

SK Inc., the investment company of SK Group, said on Tuesday that it will hold a networking event called "SK Bio Night" in the US along with its bio...

Korea’s secondhand car market cools amid elevated interest rates

South Korea’s secondhand car market is cooling rapidly as both dealers and buyers are reeling from elevated interest rates, which also bode il...

SK Hynix introduces AI solution to semiconductor process

SK Hynix Inc. said on Tuesday that it has started to improve production efficiency and yield by introducing an artificial intelligence (AI) solution...

Lotte Chemical conducts product risk assessment first time in Korea

Lotte Chemical Corp. said on Tuesday that it is conducting a risk assessment for its products for the first time in the domestic chemical industry...

GCCL develops Korea's first automatic clinical trial data sharing system

Global Clinical Central Lab (GCCL), an affiliate of South Korean pharmaceutical firm Green Cross Corp., said on Monday it has jointly developed Kore...

South Korea develops 1,000 super gap startups

The Ministry of SMEs and Startups on Monday said it would release the next day its plan for the so-called 2023 Super-gap Startup 1,000+ Project in w...

SK Geo Centric signs MOU with Plastic Energy for plastic recycling plant

SK Geo Centric, a subsidiary of South Korea's top refiner SK Innovation Co., will join hands with a global company to build a super-large waste plas...

SK Bioscience's shingles vaccine obtains product approval from Malaysia

SK Bioscience Co. said on Monday that its shingles vaccine Sky Zoster has been given approval by Malaysia's National Pharmaceutical Regulatory Age...

Seoul in talks to share nuclear plant export profits with Westinghouse

Korea Hydro & Nuclear Power Co. and its parent company Korea Electric Power Corp. are in discussion with Westinghouse Electric Corp. to share pr...